Direct Deposit Authorization Agreement and Instructions
Direct Deposit Authorization Agreement
Student Payroll
I authorize Franklin & Marshall College, hereafter referred to as the COLLEGE, to deposit my periodic pays into my CHECKING or SAVINGS account identified as and held at the FINANCIAL INSTITUTION named below. I certify that such account exists and authorize the FINANCIAL INSTITUTION to credit these funds to such account. The COLLEGE reserves the right to reverse any erroneous posting. This authorization is to remain in full force and effect until the COLLEGE Student Payroll Office has received written notification from me in such time and in such manner as to afford the COLLEGE a reasonable opportunity to act upon it. In addition, either the COLLEGE or the FINANCIAL INSTITUTION can terminate this agreement by providing me with their written notice at least 10 days prior to actual termination of this service.
It is highly recommended that you consult your financial institution for assistance in recording the Bank Transit Routing Number and Account Number information. Your pay advice will be sent to you student mailbox.
This completed form must be received in the Student Payroll Office no later then the 1st of the month in order to properly process the transaction for the next month. Question regarding this form should be directed to Donna Visco, Student Payroll Clerk (717) 291-4211 or email donna.visco@fandm.edu.
Date_________________________
Name of the Financial Institution_________________________________________________
Bank Transit Routing Number ___________________________________________________
Account Type (circle one)
CHECKING – Attach copy of voided check SAVINGS - Attach copy of the bank letter showing Bank savings account & ABA (Bank Transit Routing) number.
Checking Account #_________________________
Student Employee Name (Print) ____________________
Student Employee Signature __________________
College ID Number____________________
Student Mail Box #_____________
Incomplete forms will be returned
Instructions for Student Payroll Direct Deposit
The Direct Deposit Authorization Agreement-Student Payroll must be completed to request "Direct Deposit". Below is information pertaining to the Direct Deposit of your payroll.
1. Deposits will be sent to a checking OR savings account.
2. Contact your Financial Institution for the correct account number and the ABA routing number. For a deposit to a checking account a VOIDED check must be included with your request. For a deposit to a savings account a BANK LETTER showing the account number and ABA routing number must be attached.
3. BE SURE YOU WRITE THE CORRECT INFORMATION IN THE SPACES PROVIDED ON THE AUTHORIZATION AGREEMENT.
4. Request must be submitted by the 1st of a month, and upon acceptance by your financial institution, deposit to the account of your choice will begin with the first pay date of the following month. We will contact you via your F&M email address if your Financial Institution does not accept the account and /or ABA routing number.
5. Payday dates are listed on the Student Payroll Schedule available in all departments, or in my diplomat/Business Office. Direct deposit accounts will be available to your Financial Institution at 12:00 a.m. on the payday. Contact your Financial Institution for the time they will post the funds to your account.
6. Direct deposits returned by a financial institution will have a check issued in its place. The check will be sent to your student box or at the end of a semester mailed to your address of record. Direct deposits returned by a financial institution result in termination of your Direct Deposit Authorization. Checks will be issued until a correct authorization is put in place.
7. Direct Deposit advices are a solid color. Student paychecks are a marbled color.
8. Advices or paychecks will be sent to student boxes.
9. To stop a direct deposit, an email from your F&M address is acceptable, or you may submit a signed, written request to the Student Payroll office.
